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Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters

Levelset

In Texas, there are technically two different types of “retainage,” one referred to as such, and the other referred to as “reserved funds.” Texas lien law: ‘Retainage’ or ‘reserved funds’? What is ‘retainage’ under the Texas Property Code? 53.025 provides some insight.

Texas 52
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Exxon Selects Texas County for $10B Cracker Plant

Construction Equipment

have selected Portland, Texas, in San Patricio County, for its 1,300-acre ethylene cracker plant. was awarded the first two subcontracts for the project on Monday. Exxon Mobil and Saudi Basic Industries Corp.

Texas 53
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7 Tips for Aligning Your Project Management Workflows & Construction Technology

Construction Business Owner

Project managers must stay on top of subcontracted costs, bids, deadlines and materials while also juggling jobsite duties and office paperwork — an overwhelming task that is often fraught with stress. But it doesn’t have to be.

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Not Everything Is Bigger in Texas: Court of Appeals Reverses Trial Court’s Expansive Interpretation of Indemnity Clause

Constructlaw

A recent decision by the Court of Appeals of Texas highlights the perils of failing to properly assert a demand for contractual indemnity. Notably, it was unclear whether Crescent supplied those services under a subcontract agreement with Ameriflow or whether the two entities were somehow affiliated. RKI Expl. & & Prod.,

Texas 52
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ASA Urges U.S. Supreme Court to Affirm Forum-Selection Decision

Construction Business Owner

(August 23, 2013) — A federal appeals court was correct in its decision not to dismiss or transfer a case from its Texas venue — where a construction project and all of its subcontractors were located — to a far off jurisdiction in Virginia where the general contractor specified in its subcontract that any dispute resolution must take place, the American (..)

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Exxon Selects San Patricio County, Tx for $10 Billion Cracker Plant

Construction Equipment

has selected Portland, Texas in San Patricio County. was awarded the first two subcontracts for the project on Monday. A massive ethylene cracker plant to be owned by Exxon Mobil Corp. and Saudi Basic Industries Corp. for its 1,300 acre location.

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How Excessive Design Standards Hurt Home Affordability

Pro Builder

Several states, including Arkansas, Georgia, North Carolina, Oklahoma, and Texas have passed laws limiting local jurisdictions’ ability to impose excessive design standards. Blueprint for Beautiful, Affordable Homes. A Problem in Common: Balancing Regulations With Environmental Stewardship. For more, visit nahb.org. . Codes + Standards.

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